Tim Evnin Quoted in Bloomberg on U.S. Economy, Stocks

May 3, 2010

Positive economic developments are underpinning gains in the U.S. equity markets, Evercore Wealth Management portfolio manager Tim Evnin told Bloomberg News.

"The recovery is getting traction," said Evnin. "Earnings and cash look quite strong. As that cash gets redeployed, that's generally positive for the equity market."

"M&A appears to be picking up nicely," he added.